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| M0 | Cash in circulation; only used by the UK
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| M1 | Cash in circulation plus demand deposits at commercial banks
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| M2 | Includes demand deposits, time deposits and money market mutual funds, excluding large CDs
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| M3 | M2 plus large time deposits, repos of maturity greater than one day and institutional money market accounts
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| M4 | M2 plus negotiable CDs
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| Maintenance Margin | The minimum margin which an investor must keep on deposit in a margin account at all times for each open contract
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| Margin Call | A demand for additional funds to be deposited in a margin account to meet margin requirements because of adverse price movements
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| Margin | Difference between the buying and selling rates; or the initial deposit made by a brokerage firm upon establishing an account
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| Marginal Risk | The risk that a customer goes bankrupt after entering into a forward contract
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| Mark Up | The difference between the lowest current offered price and the higher price that a dealer charges a customer
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| Market Amount | The conventional amount dealt between banks
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| Market Maker | A brokerage company or a bank that maintains a firm bid and ask price and is ready, willing and able to buy or sell at publicly quoted prices
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| Market Order | An order to buy or sell a financial instrument immediately at the best possible price
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| MATIF | Marche a Terme International de France
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| Maturity Date | The last trading day of a futures contract
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| Micro Economics | The study of the behavior of small economic units such as individual consumers or households
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| Middle Office | The group of employees responsible for calculating profits and losses and for managing risks
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| Mid-Price | The average of both buying and selling prices
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| Mine | Expression used to indicate the willingness to buy at the rate offered by the counter party
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| Minimum Price Fluctuation | The smallest increment of market price movement possible
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| Minimum Reserve | Reserves required to be deposited at central banks by commercial banks and other financial institutions
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| Mio | Traders’ reference for a Million
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| MM | Money Markets
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| Money Market | Market for short-term debt securities with maturity of one year or less, and often 30 days or less
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| Money Supply | The total supply of money in circulation in a given country's economy at a given time
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| Moving Average | Moving averages are used on charts to show whether an instrument’s price is trending up or down. It is a technical analysis term meaning the average price of an instrument over a specified time period, used in order to spot pricing trends by flattening out large fluctuations
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| Mutual Fund | An open-ended fund operated by an investment company that raises money from shareholders and invests in a group of assets in accordance with a stated set of objectives
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